GD Culture Group announced a $300 million crypto treasury strategy in May 2025, involving investments in Bitcoin and the Official Trump memecoin, as part of a share sale agreement with an investor based in the British Virgin Islands

Quotes that support claims

In May, Nasdaq-listed GD Culture Group said it had signed a stock purchase agreement with a British Virgin Islands-based investor to sell up to $300 million worth of shares as part of its crypto treasury strategy

Sherman's allegations apparently referred to reports about TikTok-connected GD Culture Group announcing plans to buy $300 million of Trump memecoin and Bitcoin (BTC) in May.